Earnings to Continue to Feed the Bulls to Further Strength? Out S&P 500 Index forecast for Tuesday (07/23/18) – published Monday night – stated: “For Tuesday 07/24, if the index closes above 2816, it would indicate recovering bullishness in the market” (click here to read/verify this statement). The index closed at 2820.40 – above the (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wed, 07/25” will be posted Tue, 07/24 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) The S&P 500 index opened the session with significant gains as Technology and Financial stocks rallied at the open on the back of upbeat quarterly (more…)
Current Positions and Biases of our S&P 500 Index Trading Models: Based on the Trading plans published last night (click here to read the full Forecast), the positions of our models are: Medium-term/long-term Models The forecast mentioned using the daily close for any new positions by the medium-term models. Hence, there would be no positions initiated (more…)
Consecutive Three Days of Tug-of-War! Advantage Bulls! Our S&P 500 Index forecast for Friday (07/21/18) – published Thursday night – stated: “Our models indicate that, tomorrow (Friday, 07/20), the index has to close below 2804 or above 2810 for any directional bias to develop; if not, then the tug-of-war would likely continue into the next (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Tue, 07/24” will be posted Mon, 07/23 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Opening lower following a war of words between President Trump and the Iranian counterpart Hassan Rouhani on Sunday evening, the S&P 500 index gained a (more…)
A Weakening/Tired Bull? Monday’s Close to Confirm! Our S&P 500 Index forecast for Friday (07/21/18) – published Thursday night – stated: “Our models indicate that, tomorrow (Friday, 07/20), the index has to close below 2804 or above 2810 for any directional bias to develop; if not, then the tug-of-war would likely continue into the next (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Mon, 07/23” will be posted Sunday, 07/22 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Opening flat in Friday’s session, the S&P 500 was pulled back following an early morning tweet by President Trump criticizing the European Union and China (more…)
Current Positions and Biases of our S&P 500 Index Trading Models: Based on the Trading plans published last night (click here to read the full Forecast), the positions of our models are: Medium-term/long-term Models The forecast mentioned: “Medium-term models indicate a bullish bias while the index is above 2804. No short trade indicated until all (more…)
Market Reaching an Imminent Inflection Point – Day 3 Our S&P 500 Index forecast for today (Thursday) – published on Wednesday night – stated: “The index has to close below 2804 to cause any slowdown of the bulls!”. Staying true to the story of the last many days, the index did indeed track this – (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Fri, 07/20” will be posted Thursday, 07/19 night – please check back around 10:30pm/11pm EDT.THE GIST (“THE WHAT”) The S&P 500 index fell lower at the open on renewed trade war concerns after President Trump reiterated his commitment to raise tariffs if the European (more…)
